President Muhammadu Buhari has inaugurated the three million metric tonnes Dangote Fertiliser Plant in Lagos.
The inauguration took place on Tuesday at the Lagos Free Trade Zone, Lekki.
Commending the Dangote Fertilizer Team, the president said the project is in line with the government’s drive to ensure food sufficiency in the country and is a demonstration of enhancing the socio development of the country.
President Buhari said they are partnering with the private sector through a tax credit scheme on road constructions in the country and rehabilitating railway lines to ease the movement of goods.
Aliko Dangote, president and chief executive officer (CEO) of Dangote Group, expressed delight at the success of the fertilizer plant.
Dangote said the plant is the largest in Africa and the second-largest urea plant in the world and that products from plants have reached the African market, and across Brazil, India, and Mexico.
He said it is an ambitious project that will reduce unemployment in Nigeria.
He said their goal is to make fertilizer available in quantity for all farmers as they are rolling out initiatives that will transform the agric sector for all and boost productivity and enhance output across the nation.
He appreciated the Central Bank of Nigeria (CBN) and other agencies of government for their support.
The Dangote Fertiliser project phase one will produce three million metric tonnes of urea per annum.
According to Dangote Industries Limited, the project cost about $2.5 billion.
The company said the capacity of the plant would be expanded to produce multi grades of fertilizer to meet soil, crop, and climate-specific requirement for the African continent.
0
0
